Paper
The General State of the United States Economy
There are various reasons for the result of the recent stock market tumble. There is not just one direct cause, for instance, the recent presidential election. It is a result of both the 2000 election and simply just a natural course of events that generally approaches once prosperity reaches a certain level. Whether or not this tumble will make a recovery, we really don?t know? Because of this, the word recession has been booming around news stations. But is our economy witnessing a slow down, or is a recession actually heading our way.
Stocks are experiencing losses in almost every sector, and the damage varies depending on the sector. During the week of December 11th, many of the big gainers have hit bottom, usually somewhere south of $2 per share. An example would be the data management software provider PASW who had a 41.2 percent gain. Yet even with that big jump, shares are only at seventy-five cents leaving the stock market down 86.8 percent for the year. There is a growing list of factors including contested election results, earnings warnings, fears about interest rate hikes, heavy margin calls and, perhaps most significantly, concerns about a slowing economy have exerted tremendous downward pressure on the market. One solution to the problem maybe to have the Federal Reserve change its stand on interest rates. However until there is a clear bottom investors should focus on some of the profitable big players that have taken hits this fall. Companies such as America Online and eBay are at 52 week lows, while Inktomi is at its cheapest price in nearly two years. There are many other companies that stand to survive the shakeout and prosper.
Some say that the economy is semi-sound, except for the United States manufacturers. They have become significantly less optimistic about the economic outlook for the next twelve months and see scant growth in capital spending, reinforcing concern that the economy may lose more momentum in the months ahead. Norbert Ore, chairman of the National Association of Purchasing Management?s Business Survey Committee said ?Manufacturing purchasers are less than bullish about their organizations? prospects for 2000. This upcoming year will definitely be a challenge as far as the manufacturing sector is concerned. We might have a recession in the manufacturing sector, we might have a potential for that, but not a recession in the overall economy.? A recession in manufacturing is possible and further expansion in other parts of the economy would likely keep overall growth positive. The slowdown in this sector of the economy has prompted speculation among market players that the Federal Reserve may soon move to cut interest rates.
The Chairman of the Federal Reserve has a huge responsibility for making decisions which could hurt, heal, or even improve the United States? state of economy. Alan Greenspan signaled on December 5th that the Federal Reserve is finished with the job of raising interest rates to slow the economy and stands ready to cut rates should the nation show any signs of heading toward recession. Mr. Greenspan said, ?the economy has slowed appreciably from boom conditions of the past few years to a more ?sustainable? level.? He then noted that with growth at a ?modest level? there is less of a ?buffer? should the economy be hit by bad news. The role of the Fed is to reassure the markets that steps would be made in order to keep the long expansion going. Greenspan also stated that financial conditions are not as tight as to be a crisis, as they were in 1998, when the Fed had to cut rates in the wake of the global financial crisis. The Federal Reserve keeps the economy going and without it a recession would arise. In a recession unemployment rises rapidly, bankruptcies multiply, layoffs become commonplace, and homes lose value.
According to some people the prosperity of the last five years that has lifted nearly every family will gradually disappear for millions of people, and both consumers and companies will grow cautious in their spending and investing. However a recession almost certainly has not arrived. A recession is defined by economists as two consecutive quarters of declining gross domestic product. But the gross national product, the broadest measure of the value of America?s goods and services, is still growing, if not at the annual rate of more than five percent that prevailed last spring, then at two to three percent.
Другие работы по теме:
Electoral College Persuassive Essay Essay Research Paper
~Electoral College~ In the United States we are all guaranteed one vote per person. Everyone has an equal voice in electing the people that serve in the government. Every four years during the month of November citizens of America go to the polls to vote for a president and vice-president of the United States.
Election Ballot Problem Essay Research Paper The
Election Ballot Problem Essay, Research Paper The election of 2000 has showed America and it?s citizens a major problem in the election process. There are multiple levels of problems inside this election process. The major problem is with the way that the ballots are cast. Through out America old and tired methods are in use to record and tally the votes of Americans.
East Francia Economy Essay Research Paper Booty
East Francia Economy Essay, Research Paper Booty, tribute and lan had been driving force of Eastern Empire revival on 8th century, contued in ninth century.? But also general population increase after
Vote Essay Research Paper Why should Americans
Vote Essay, Research Paper Why should Americans exercise their right to vote? Why should we vote? Is it really worth our time? The answer is YES . People say that one vote won t change the outcome, but take a look at Florida! Right now, the election of our president is in the people of Florida s hands. [Your] one vote is very important.
Freedom Essay Research Paper As with any
Freedom Essay, Research Paper As with any government, there is the necessity of an economy, or else the government would fail because economy is one of the basic necessities of a government. With a democracy like we have in a country of our size, managing this economy becomes a big problem. One important factor is; In a country based on freedom, how much are we willing to give up to keep the economy stable? None? A little bit? All of it? The answer is not as simple as any of those.
Capitalism And Communism Essay Research Paper Capitalism
Capitalism And Communism Essay, Research Paper Capitalism and Communism are two totally different economic systems. Capitalism is a much better economic system than Communism. Capitalism is an economic system characterized by freedom of the market and is the economic system where you do not have freedom because the government will make most of your decisions for you.
GDP As A Measure Of The Economy
Essay, Research Paper GDP As a Measure of the Economy The GDP is not a sufficient gauge of how the nation’s economy is doing. The GDP is a sum of the monetary value of what has been produced in the nation in the past year. The formula for calculating the GDP ignores a large percentage of the activities that transpire in the nation’s economy.
Hong KongIndia Command And Market Economies Essay
, Research Paper The world is run with economic systems. Two of these economic systems are the market economy and the command economy. These economic systems both greatly differ and are similar in there ways of controling the
Economy Of Palestine Essay Research Paper Economy
Economy Of Palestine Essay, Research Paper Economy has lost 790 million. This is equivalent to 20% of projected GDP for the year 2000. Investors have been detracted from Palestine due to blockade and due to poor resources in the country. Unless things change investors will not change their minds. It means it will be very difficult for business in Palestine to get any projects financed and major projects will be delayed.
Presidency 2 Essay Research Paper There are
Presidency 2 Essay, Research Paper There are currently eight candidates running for the United States Presidency. Even though there are eight running, there are only two that are most likely to win. These two are Vice President Al Gore and Texas Governor George W. Bush. The election all depends on what the candidates debate about and where they stand on the issues.
Electoral College Should Be Here To Stay
Essay, Research Paper Title: The Electoral College Should Be Here to Stay General Purpose: To persuade Specific Purpose: To persuade individuals that the Electoral College is not at fault for the
Electoral College Essay Research Paper ELECTORAL COLLEGEElectoral
Electoral College Essay, Research Paper ELECTORAL COLLEGE Electoral College, the constitutional system for the ELECTION of the PRESIDENT and VICE PRESIDENT OF THE UNITED STATES. It is the collective name for a group of electors, nominated by political parties within the states and popularly elected, who meet to vote for those two offices.
Japanese Government Essay Research Paper The Japanese
Japanese Government Essay, Research Paper The Japanese prime minister is ultimately responsible to the people of the nation. The prime minister shares responsibility with all the cabinet members, but they do not answer directly to the people but to the legislature. If the legislators stop supporting the cabinet at any time, a vote of no confidence is passed and either the cabinet ministers, including the prime minister, must resign, or the prime minister must call a general election.
Method Of Election Essay Research Paper 4
Method Of Election Essay, Research Paper 4. Should the method of electing a president be further amended? If so, how? The constitution was like the bible to most politicians back then. They went by it like the Ten Commandments. So of course that is where they would turn to when they were in a sticky situation.
Al Gore Essay Research Paper Democratic presidential
Al Gore Essay, Research Paper Democratic presidential candidate Al Gore went to the Florida Supreme Court today to call for an immediate count of some 14,000 disputed Florida ballots. Meanwhile, the Bush team pressed ahead with transition plans, and Florida legislators considered a special session to name electors.
Ron Latin America Current Events Report Essay
, Research Paper Latin America Current Events Report The main idea of my article was that the President of Columbia was in an election. Since the President, Ernesto Samper, was involved in many scandals the other candidate, Andres Pastrana is tying the election up in the first round of Columbia?s presidential election.
Mercantilism Vs Physiocracy Essay Research Paper Mercantilism
Mercantilism Vs. Physiocracy Essay, Research Paper Mercantilism and physiocracy are two different systems that comprise of ideas involving wealth in the economy. Each system has different views on how wealth starts, and how much government involvement is necessary to have a successful economy.
Election 1984 Essay Research Paper Thank you
Election 1984 Essay, Research Paper Thank you Let’s take a look back at the presidential election of 1984. The primary candidates in this election were Ronald Reagan for Republican, and Walter Mondale for Democratic.
Voting Essay Research Paper Voting
Voting Essay, Research Paper Voting Everyone in my family who is old enough to vote, registers, and takes a privilege in voting, and knowing that their voice counts. That is why everyone
Creative Writing There Isn
’t Much Time Essay, Research Paper Creative Writing: There Isn’t Much Time It is Monday morning and I have slept in, thanks to Thanksgiving. In fact, it’s twelve o’clock and I am free for the afternoon. As usual, I sit in
Our Political System Essay Research Paper Our
Our Political System Essay, Research Paper Our Political System Government Institutions and Public Policy By definition, any government is the individuals, institutions, and process that makes and enforces the rules of society. Government has the responsibility to provide for public good, police powers, public services, taxes, and most importantly, to protect the power of the people.
Election Of 1876 Essay Research Paper Why
Election Of 1876 Essay, Research Paper Why Hayes Should Not Have Won the Election The position of President is the most important position in the United States government. Wouldn t you think that we should have the very best man in that position that we can get? I, Samuel Tilden, feel that the Election of 1876 was a disgrace to the history of our government.
Margaret Thatcher Essay Research Paper Margaret ThatcherMargaret
Margaret Thatcher Essay, Research Paper Margaret Thatcher Margaret Thatcher was the longest serving Prime Minister for more than a century and was the first woman to serve as Prime Minister. A graduate of Oxford, with a master of arts degree she worked as a research chemist and a barrister, concentrating on tax law, before being elected to the House of Commons in 1953.
Reforming The Senate Essay Research Paper Reforming
Reforming The Senate Essay, Research Paper Reforming the Senate One must address the three major problems with the Senate and the many solutions in order create a Parliament that would speak and act on behalf of Canadians in all parts of the country. The three main criticism of the Senate are that it over-represents the business leaders of the country, that it serves as a patronage device for the government party, and that the distribution of seats does not give equal representations to all regions of the country on basis of population, physical area, or regional interest.
THE LIFE OF PRESIDENT BENJAMIN HARRISON Essay
, Research Paper Election of 1888 In 1888, James G. Blaine, the Republican party’s most prominent figure, declined to seek the presidential nomination. The national convention then nominated Harrison as the
Election 2000 Essay Research Paper The 2000
Election 2000 Essay, Research Paper The 2000 United States presidential election included two major candidates Al Gore and George Bush. Another man by the name of Ralph Nader also played a major
Election 2000 Essay Research Paper Opinion of
Election 2000 Essay, Research Paper Opinion of Election 2000 It is finally over , probably the most common statement you would hear if you asked any U.S. citizen their thoughts on the presidential election of 2000. This election was definitely the closest of any presidential election recorded in history and believe me when I tell you it will not be forgotten.
Us Economy Essay Research Paper US Economy
Us Economy Essay, Research Paper U.S. Economy Shrinks During the third quarter, a falling GDP has the economists worried that the U. S. economy is heading towards a recession. The GDP (Gross National Product) fell at a rate
John Kennedy Essay Research Paper JOHN F
John Kennedy Essay, Research Paper JOHN F. KENNEDY John Fitzgerald was born in Brookline, Massachusetts on May 29, 1917. He graduated from Harvard University in 1940. Which
Us Affairs Essay Research Paper The US
Us Affairs Essay, Research Paper The U.S. plays a major role in most of the international affairs because the U.S. is considered to be a powerful nation. The Economy of America is strong, and the military power is one of the biggest in the world. There was a Persian Gulf War back in 1991 when the U.S. attacked Iraq.
Social Darwinism Essay Research Paper Social DarwinismSocial
Social Darwinism Essay, Research Paper Social Darwinism Social Darwinism was a late nineteenth-century social theory that was based on the theories of evolution of scientist Charles Darwin. The ideas and behind Social Darwinism came directly from his theories of evolution and, ?survival of the fittest.? The theory was used to explain how the economic growth of America was coming along.